Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
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Nigerian oil magnate Gabriel Ogbechie’s Eterna launches $14.9 million rights issue
Eterna launches a $14.9 million rights issue as Gabriel Ogbochie moves to strengthen the company’s finances and expand operations.
Belgian SIAT invests $100 million in Nigerian tycoon Rasheed Sarumi-led Presco
Belgian SIAT invests $100 million in Presco to expand Nigeria’s palm oil production and boost Edo State’s economy.
Nigerian billionaire Abdul Samad Rabiu to expand empire with new rice processing line
Abdul Samad Rabiu signs a new deal in Dubai to build a 32-tonnes-per-hour rice processing line as BUA Foods’ earnings surge.
Nigerian magnate Aderemi Makanjuola’s Caverton unveils Nigeria’s first electric ferry
Caverton unveils Nigeria’s first electric ferry as Aderemi Makanjuola expands the group’s clean-energy push on Lagos waterways.
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Ackerman family gives up majority control of Pick n Pay as Allan Gray’s stake grows
Pick n Pay’s founding family falls below 50% control as Allan Gray ups its stake, sharpening focus on the retailer’s troubled turnaround.
Prudential’s exit plan tests Patrice Motsepe’s grip on Alexforbes
Prudential’s possible Alexforbes exit hands Patrice Motsepe a pivotal moment: tighten African Rainbow Capital’s control or share power with a new global investor.
Inside Black Coffee’s empire: 15 businesses and investments owned by the South African DJ
From Soweto venues to Silicon Valley–backed startups and Cape Town’s most expensive house, Black Coffee has turned DJ fees into a serious investment empire.
Flex raises $60 million Series B to build AI “private bank” for high net worth business owners
Flex raises fresh funding to scale its AI-native private bank, targeting high net worth middle-market owners juggling complex business and personal finances.